# Daedalus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/daedalus

- Industry: Industrial Machinery
- Headquarters: Karlsruhe, Germany
- Website: www.daedalus.de/
- Total disclosed funding: $33M
- Latest round: Series A (Feb 2, 2024)
- Investors on record: 3

## About

Founded in 2020 by Jonas Schneider, and based in Karlsruhe, Daedalus GmbH operates as a machining service that provides milling, turning, and specialized manufacturing with a variety of materials and surface treatments. In February 2024, Daedalus GmbH raised USD 21 million in Series A funding led by investor NGP Capital, with participation from returning investors Addition and Khosla Ventures.

Daedalus GmbH specializes in producing precision parts using CNC technology. The company offers services in milling, turning, and surface treatments for a variety of materials, including aluminum, steel, and stainless steel. Daedalus's capabilities extend to both series production and custom prototypes. They cater to industries such as semiconductors, medical technology, energy, e-mobility, and defense.

The company intends to use the February 2024 funding to scale the workforce, enhance product development, and optimize its manufacturing processes.

## Funding rounds

- Series A, Feb 2, 2024, $21M — Khosla Ventures, NGP Capital, Addition
- Seed, Nov 17, 2021, $12M — Khosla Ventures, Addition

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A
- Addition (https://capitalatlas.ai/funds/addition) — Seed, Series A
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series A